When calculating the effective rate of a loan, which statement or statements must be true if n is equal to 1?

i. the nominal rate equals the effective rate.
ii. the length of the loan is exactly one year.
iii. the interest is compounded annually.
a.
i and iii
b.
ii and iii
c.
i only
d.
iii only

the answer is a on edg.

The answer is : a. I and III

Step-by-step explanation:

The effective rate of a loan (let's call it "e") can be calculated as: , where "i" is the nominal interest rate, and "n" is the number of compounding periods per year.When n equals one (n=1), which means that the number of compunding periods per year equals one (it compounds anually), then . Therefore , the anual nominal rate equals the effective rate () when the interests compund anually.

You would need a laid out graph for this but could you provide a picture of just a graph? i can give stepssolve for y.subtract 4xdivide by -1 (opposites)graph slope intercept formcheck each point to see if it’s on the graph